7. CONFIDENTIALITY

7.1 Where a party (the Receiving Party) obtains Confidential Information of the other party (the Disclosing Party) in connection with this Agreement (whether before or after the date of this Agreement) it shall, subject to Clauses 7.2 to 7.4:

(a) keep that Confidential Information confidential, by applying the standard of care that it uses for its own Confidential Information;

(b) use that Confidential Information only for the purposes of performing obligations under this Agreement; and

(c) not disclose that Confidential Information to any third party without the prior written consent of the Disclosing Party.

7.2 The Receiving Party may disclose the Disclosing Party’s Confidential Information on a “need to know” basis:

(a) to any legal advisers and statutory auditors that it has engaged for itself;

(b) to any regulator having regulatory or supervisory authority over its business;

(c) to any director, officer or employee of the Receiving Party provided that, in each case, the Receiving Party has first advised that person of the obligations under Clause 7.1 and ensured that the person is bound by obligations of confidence in respect of the Confidential Information no less onerous than those set out in this Clause 7; and

(d) where the Receiving Party is Xx集团, to any of its subsidiaries, affiliates or Subcontractors.